Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $44.32, for a total value of $323,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded down 2.18% during trading on Tuesday, reaching $43.47. The company had a trading volume of 225,014 shares. The firm’s 50-day moving average price is $44.39 and its 200 day moving average price is $45.43. The firm has a market capitalization of $1.76 billion, a P/E ratio of 78.89 and a beta of 0.54. Surgical Care Affiliates Inc. has a one year low of $35.15 and a one year high of $52.79.

Surgical Care Affiliates (NASDAQ:SCAI) last issued its earnings results on Tuesday, November 1st. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by $0.06. Surgical Care Affiliates had a net margin of 1.88% and a return on equity of 7.00%. The business had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $309.11 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. Equities analysts forecast that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Saturday, September 3rd. SunTrust Banks Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Finally, Jefferies Group boosted their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.60.

A number of hedge funds have recently modified their holdings of SCAI. Victory Capital Management Inc. purchased a new position in Surgical Care Affiliates during the third quarter worth about $112,000. Acrospire Investment Management LLC increased its position in Surgical Care Affiliates by 33.3% in the third quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $117,000 after buying an additional 600 shares during the period. SG Americas Securities LLC purchased a new position in Surgical Care Affiliates during the third quarter worth about $158,000. PineBridge Investments L.P. increased its position in Surgical Care Affiliates by 4.5% in the second quarter. PineBridge Investments L.P. now owns 3,450 shares of the company’s stock worth $165,000 after buying an additional 147 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Surgical Care Affiliates by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,892 shares of the company’s stock worth $186,000 after buying an additional 469 shares during the period.

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About Surgical Care Affiliates

Surgical Care Affiliates, Inc (Surgical Care Affiliates) is a provider of solutions to physicians and health systems. The Company operates a network of outpatient surgery facilities in the United States, which consists of over 190 ambulatory surgery centers (ASCs) and approximately seven surgical hospitals.